Bansal Wire Industries logo

Bansal Wire Industries

BANSALWIRE NSE

Key Fundamentals

MicrocapIron & Steel ProductsIndustrial Products
Market Cap
₹4,823 Cr
Volatility
Moderate
P/E Ratio
34.07
EBITDA
₹324 Cr
Return on Equity
11.25%
Debt to Equity
0.39
Book Value
₹91.38
EPS
₹4.78
52W High
₹370
52W Low
₹222.5

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Weaknesses

2
  • Stock is trading at 3.39 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

Growth Rate

Revenue Growth
18.67% lower than 3Y
Net Income Growth
9.9% lower than 3Y
Cash Flow Change
317% higher than 3Y
ROE
-2.43% lower than 3Y
ROCE
-3% higher than 3Y
EBITDA Margin (Avg.)
-1.15% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk high

Bansal Wire Industries is a mid-cap industrial wire manufacturer with a market cap of ₹5,656 Cr, trading at a PE of 35.6x and 4x book value. Revenue grew 42% YoY in FY25 to ₹3,507 Cr with net profit of ₹146 Cr, while the company is investing ₹550-600 Cr in capacity expansion from 2.4 lakh MTPA to 6 lakh MTPA targeting 10% market share by FY28.

Bull Case 8
  • Strong revenue growth with FY25 sales at ₹3,507 Cr, up 42% YoY from ₹2,466 Cr in FY24, and TTM sales growth of 19%
  • Aggressive capacity expansion from 2.4 lakh MTPA to 6 lakh MTPA with ₹550-600 Cr investment, with additional 1.2 lakh tons to be commissioned by Q2 FY26 taking total to 6.7-6.8 lakh tons
  • Compounded profit growth of 40% CAGR over 3 years demonstrates strong earnings momentum from a low base
  • Company targeting 25-30% volume growth in FY26 with FY26 revenue already at ₹4,160 Cr, and aiming for 10% market share by FY28 from current levels
  • Operating profit margin improved from 5.85% in FY24 to 7.64% in FY25, indicating better pricing power and product mix shift toward value-added products
  • Q4 FY25 showed strong momentum with revenue up 33% YoY to ₹940 Cr and EBITDA up 59% YoY to ₹75 Cr
  • New steel tyre cord business could generate up to ₹3,000 Cr in revenue over next 5-7 years, opening a high-margin product vertical
  • 9-month FY26 sales volume at 3,40,411 MT already approaching full-year FY25 volume of 3,44,710 MT, indicating strong volume ramp-up
Bear Case 8
  • Stock trades at 4.01x book value and 35.6x PE, which is expensive for an industrial wire company with net profit margins of only 4.2% in FY25
  • Zero dividend payout despite reporting repeated profits across all years from FY20 to FY26, offering no income return to shareholders
  • Net profit margin remains thin at 4.2% in FY25, and interest costs rose sharply from ₹28.8 Cr in FY24 to ₹37.8 Cr in FY25 to ₹56.4 Cr in FY26 as debt funds expansion
  • ROE has declined from 15% (3-year average) and 16% (5-year average) to 12% in the last year, indicating returns on equity are compressing even as the company scales
  • Stock price has delivered -4% returns over 1 year, underperforming despite strong operational growth, suggesting market skepticism about valuations
  • Depreciation nearly doubled from ₹30 Cr in FY25 to ₹57 Cr in FY26 as new capacity comes online, pressuring near-term EPS growth
  • Wire manufacturing is a commoditized, low-margin business with operating margins of only 7-8%, leaving limited pricing power in a downturn
  • Tax rate volatility with FY25 at 30.4% versus FY26 at 22.2% flatters recent profit growth; normalization could compress earnings

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Positives 1
  • Trial order for Steel Tyre Cord Jun 13

    Bansal Wire secured a trial purchase order for Steel Tyre Cord from a leading tyre manufacturer after successful sample evaluation, signaling potential entry into a new high-value product segment.

Neutral 2
  • Promoter selling 2.99% stake Jun 24

    Promoter Mrinaal Mittal plans to sell up to 46,82,916 shares (2.99% stake) by Aug 31, 2026, to meet minimum public shareholding norms. Sale window opens Jun 25, 2026.

  • No share encumbrance in FY26 Jun 29

    Bansal Wire confirmed that none of the 51 promoter group entities encumbered shares during FY26, indicating clean promoter holdings.

TL;DR: Bansal Wire is making progress on product diversification with a trial order for Steel Tyre Cord from a major tyre maker, which could open a new revenue stream. The promoter stake sale is regulatory in nature and not a sentiment concern. No material headwinds are visible in recent news flow. The near-term trend is mildly positive, contingent on conversion of the trial order into a commercial supply agreement.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
548
603
606
709
817
825
925
940
939
1,055
1,029
1,136
1,168
Expenses
522
567
570
663
756
762
853
871
867
979
944
1,060
1,112
Operating Profit
26
36
36
46
61
64
72
70
72
77
85
76
56
OPM %
4.8%
6%
6%
6%
7%
8%
8%
7%
8%
7%
8%
7%
4.8%
Other Income
1
5
1
1
1
4
1
3
3
5
0
3
0
Interest
6
6
7
9
12
6
7
11
12
16
15
14
15
Depreciation
2
2
3
6
5
6
8
11
12
15
15
15
15
PBT
19
32
27
32
44
57
58
51
50
51
56
50
26
Tax %
9%
44%
43%
23%
29%
30%
28%
35%
21%
25%
23%
20%
21%
Net Profit
17
18
15
24
32
40
42
33
39
38
43
40
20
EPS in Rs
19
19.94
1.16
1.83
2.37
2.53
2.66
2.11
2.51
2.45
2.76
2.56
1.31
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,197
2,412
2,466
3,507
4,159
4,389
Expenses
2,091
2,307
2,321
3,241
3,849
4,094
Operating Profit
106
105
144
266
310
295
OPM %
4.8%
4.4%
6%
8%
7%
7%
Other Income
7
10
8
9
10
8
Interest
27
24
29
35
56
60
Depreciation
8
9
13
30
57
60
PBT
78
82
110
210
207
183
Tax %
27%
27%
32%
30%
22%
—
Net Profit
57
60
75
146
161
142
EPS in Rs
62.93
65.83
5.78
9.24
10.28
9.08
Div. Payout %
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
9
9
64
78
78
Reserves
214
273
359
1,191
1,352
Borrowings
413
422
681
608
555
Other Liabilities
59
44
160
291
532
Total Liabilities
695
749
1,264
2,168
2,517
Fixed Assets
116
116
229
693
831
CWIP
0
38
212
178
214
Investments
23
23
1
1
1
Other Assets
557
573
821
1,296
1,471
Total Assets
695
749
1,264
2,168
2,517
Figures in ₹ Crores

Cash Flow

Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-12
103
-541
-153
333
Investing
-19
-87
-496
-444
-223
Financing
30
-15
1,038
597
-110
Net Cash Flow
0
0
2
0
0
Free Cash Flow
-30
15
-1,033
-612
103
CFO/OP
5
127
-361
-35
120
Figures in ₹ Crores

Ratios

Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
41
38
53
50
52
Inventory Days
55
45
58
86
81
Days Payable
4
2
11
25
42
Cash Conversion Cycle
92
81
100
110
91
Working Capital Days
35
40
42
59
49
ROCE %
—
16%
15%
16%
14%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

FIIs1.99%Promot.75.00%Public3.28%Others4.15%DIIs15.57%As ofJun 2026

Documents

Frequently Asked Questions about Bansal Wire Industries

What does Bansal Wire Industries Ltd do?
Incorporated in 1985, Bansal Wire Industries Ltd manufactures and sells wires of multiple varieties[1]
Where is Bansal Wire Industries Ltd (BANSALWIRE) listed?
Bansal Wire Industries Ltd trades as BANSALWIRE on the NSE and under code 544209 on the BSE.
Which sector does Bansal Wire Industries Ltd belong to?
Bansal Wire Industries Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the market capitalisation of Bansal Wire Industries Ltd?
Bansal Wire Industries Ltd has a market capitalisation of ₹4,823 Cr, which places it in the Small Cap band.
What is the PE ratio of Bansal Wire Industries Ltd?
Bansal Wire Industries Ltd trades at a PE ratio of 34.07, on earnings per share of ₹4.78, against a book value of ₹91.38 per share.
What is the 52-week high and low of Bansal Wire Industries Ltd?
Over the last 52 weeks Bansal Wire Industries Ltd has traded between ₹222.5 and ₹370.
What is the Return on Equity (ROE) of Bansal Wire Industries Ltd?
Bansal Wire Industries Ltd reported a return on equity of 11.25%. Its debt-to-equity ratio is 0.39.

Company Information

Incorporated in 1985, Bansal Wire Industries Ltd manufactures and sells wires of multiple varieties[1]

Website bansalwire.com
CEO Mr. Arun Gupta
Employees 2,448
Listed 2024-07-10
Face Value ₹ 5
Issued Size 15,65,55,952

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